Bulls held 11052 support level, now trend looking strong towards 11300+ level.

Yesterday, 22-07-2020, nifty opened higher and faced profit booking till 11052 zone.

There Bulls entered again to held that support. from there, we see continuous rally again today.

Yesterday's low not tested again and moved above 11200 level.

It looks like yesterday's pattern as a-b-c corrective pattern. Hence one more impulse wave due from here with 5 inner waves, which can take nifty higher to 11300+ level.

avoid short selling untill nifty give clear trend reversal signal in price chart.

Till then follow the trend, i.e ., up trend.

regards,

Suryadev Bandari

Research Analyst

Comments

#nifty poised to make new all time high soon.

#nifty cmp 22597. #Bulls strongly holding key supports. 22350-440 zone. As long as nifty trades above this zone, its poised to make breakout all time high. Upside resistance trendline around 23110-23250 zone. Regards, Suryadev Bandari Research Analyst #tradingview #investing #stockmarkets #elliottwave #earningwave #suryadev

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Once again market turned bullish.

Nifty heading towards 25000+ levels Banknifty heading towards 54500-55000 levels. Buy on dip mode Key supports for nifty 24200-150 zone. Key supports for Banknifty 51750-500 zone. as long as above levels holds, market moves higher. Regards, Suryadev Bandari Research Analyst

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